EURUSD: Flows and thoughts after the 200d MA – FXWW Chatroom

EURUSD has taken out the 200d MA for the first time since June 2014. Our spot trader notes that the next resistance area is 1.1382; this marks a trendline off the May and June highs on the dallies.This move has had a decent impact on the rest of FX. USDJPY testing 122.15 and USDCAD< the key 1.3180/1.3200 area. EM stands the most to lose. USDCOP and USDMXN at all-time highs again near 16.9530 and 3125 respectively.Flow-wise, all focus is on EURUSD. We saw light demand into the move but now we see rally sellers in the current 1.1340 area.